PANews, February 14 – According to Reuters, investor Andrew Barr from Missouri has filed a class-action lawsuit in the Federal Court in Washington, accusing former President Trump’s long-time allies Steve Bannon, Boris Epshteyn, and Bannon’s media companies “War Room,” Let’s Go Brandon Coin LLC, and Patriot Pay LLC of fraudulently selling unregistered cryptocurrencies to thousands of investors.
The complaint states that Bannon and Epshteyn used their public platforms and political influence to promote a token initially called “Let’s Go Brandon Coin” ($FJB), later renamed “Patriot Pay” ($PPY), enticing investors to purchase “unregistered and highly speculative assets.” The plaintiff claims personal losses exceeding $58,000 and alleges that the defendants concealed the risks and governance details of the tokens, violating securities laws and consumer protection laws.
The lawsuit notes that the defendants fully suspended trading in early 2025, announced the project’s closure, and promised to distribute remaining liquidity funds, but such distribution has not yet occurred. The plaintiff seeks to recover damages on behalf of thousands of retail investors nationwide.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
DOJ Seeks Retrial for Tornado Cash Developer Roman Storm
DOJ asks court to retry Roman Storm on money laundering and sanctions conspiracy charges after 2025 jury deadlock.
Storm already convicted of running an unlicensed money-transmitting business; Rule 29 motion seeks to
CryptoFrontNews1h ago
Justin Sun Reaffirms Zero-Tolerance Policy on Illegal Activities at Tron
TRON founder Justin Sun says his companies maintains zero tolerance against illegal activities like embezzlement, unauthorised computer access and bribery.
He threatened legal action against those who spread false rumors online and ‘smear judicial organs’ just days after two of his companies
CryptoNewsFlash3h ago
Polymarket hires Palantir and TWG AI to oversee sports contract trading
Polymarket is hiring Palantir Technologies and TWG AI to strengthen oversight of its sports contract trading, aiming to identify and prevent suspicious activities. This move comes amid increased regulation of prediction markets, with a focus on screening participants and cross-referencing banned lists.
GateNews5h ago
Fake Police Officers Held French Couple at Knifepoint in $1M Bitcoin Robbery
Three suspects posing as police officers attacked a couple in Versailles, forcing them to transfer approximately €900,000 in Bitcoin. French authorities confirm the theft and are investigating the growing trend of violent robberies targeting crypto holders.
Decrypt5h ago
The US IRS new crypto audit form requires reporting all exchange and wallet histories, involving over 100 platforms.
The IRS has introduced a new investigation form requiring taxpayers to disclose all cryptocurrency exchanges and wallet histories used. The form covers over 100 platforms and must be signed by the taxpayer to prevent underreporting and audits. It is recommended to consult a tax attorney. The audit focus will be on underreporters and high-frequency traders.
GateNews5h ago
Court to open as early as October! U.S. prosecutors seek re-trial for Tornado Cash co-founder Roman Storm
The U.S. Department of Justice plans to re-indict Tornado Cash co-founder Roman Storm, with a new trial scheduled for October 2026. He faces two unresolved charges, with prosecutors stating these charges involve money laundering and violations of international sanctions. Storm emphasizes that he is only facing serious charges for writing open-source code and vows to fight for freedom.
区块客6h ago
